Monday, September 2, 2013

I am teaching the seminars below hosted by
the Hoosier State Chapter of the Appraisal Institute. The chapter has priced the
classes very reasonably for both members and non-members of the Appraisal
Institute. For example, the package deal for both seminars in Fort Wayne and
Evansville is $45 for members and $55 for non-members. Also, appraisers insured
with LIA receive up to $50 off their E&O for taking one or both seminars
(see below for more information).

Registration for the classes is through the Hoosier State Chapter at
this link Registration
Page. The chapter’s contact for questions
about registration is Shannon O’Keefe aihoosierstate@sbcglobal.net or
(317) 815-1340.Here are descriptions of the two
classes.NEW! Liability Issues for Appraisers
Performing Litigation and Non-Lending Workaka “staying out of the court room unless you’re being paid to be
there”(3
Hours Indiana Appraiser CE)Fort Wayne – September 25, 8:30 to
11:30Indianapolis –
September 26, 8:30 to 11:30Evansville – September 27, 8:30 to
11:30Most current discussion of appraiser liability
focuses on lawsuits and claims relating to appraisals performed for mortgage
lending. However, appraisal assignments for litigation and other non-lending
purposes actually present a greater liability risk to the appraiser on a per
assignment basis. This seminar begins with an overview of current appraiser
liability issues and then addresses the specific liability risks associated with
appraisals for litigation, divorce, estate, tax, conservation easement and other
non-lending purposes. It also addresses special liability considerations for
review appraisers and supervisory appraisers. Actual lawsuits involving
appraisers form the foundation of the seminar.

These are the kinds of questions that appraisers
get answered in this seminar: Who sues appraisers serving as expert witnesses?
Who sues appraisers performing appraisals for tax purposes? What’s the surest
way for an appraiser to be sued for non-lending work? What’s the likelihood of
being sued about a retrospective review appraisal? How does potential liability
for a retrospective review compare with potential liability for a
contemporaneous review? What are the statutes of limitation for claims? What
special provisions should I consider putting in an engagement letter for
different types of non-lending
assignments?Loss Prevention Program for Real Estate
Appraisers (this is the class focused on liability stemming from appraisals for
lending)(4 Hours
Indiana Appraiser CE)Fort Wayne – September 25, 12:30 to
4:30Evansville –
September 27, 12:30 to 4:30The focus of this seminar is
appraiser liability prevention relating to appraisal work for lending purposes.
Lawsuits and claims against appraisers have been at all time highs since 2007,
coinciding with the bursting of the real estate bubble. Lenders, mortgage
investors, the FDIC, borrowers and sellers are all potential liability threats
for both residential and commercial appraisers who perform appraisals for loans.
Actual lawsuits and claims form the foundation of this seminar. In addition to
the interesting facts involved in many of the cases, the seminar provides
specific instruction about how appraisers can minimize their risk of being sued
and how to be prepared for such an event if it happens. The focus is on creating
appraisal reports that present less risk based on quality and appropriate
content and on maintaining appropriate work file materials. The seminar also
addresses emerging liability topics, such as AMC concerns and review
appraisals.

Who makes
claims against appraisers? What do they sue for? When does the FDIC file a
lawsuit? Can an appraiser be sued more than five years after the appraisal –
i.e., what are the relevant statutes of limitation? How long should an appraiser
keep a work file? Do residential or commercial appraisers face more risk? What
about review appraisers? What does E&O insurance cover? These are the types
of questions answered by the seminar.E&O Discount
InformationAppraisers who are insured by LIA’s E&O program or who purchase
E&O from LIA with Liberty Mutual within a year after attending one of the
seminars become eligible for a one-time discount on their premium of $50 for a
$500K or $1m per claim policy or $25 for a $300k per claim policy per appraiser
by completing the seminar. The discount may be applied toward any payment due
within a year after the seminar. Only one discount per insured appraiser per
year – i.e., an appraiser may not obtain multiple discounts in the same
year by taking multiple seminars offered by LIA.

Follow by Email

About the Author

Peter Christensen is an attorney and serves as LIA's general counsel. He previously practiced law with the law firms Latham & Watkins LLP and Irell & Manella LLP. He has a B.S. with an emphasis in accounting from U.C. Berkeley and also received his law degree from U.C. Berkeley (Boalt Hall School of Law). He's been a member of the California bar since 1993. He can be reached at peter@liability.com.Please read the important notice regarding this blog at the bottom of the page. Thank you.

Upcoming Presentations and CE Seminars by Peter Christensen and LIA

The times, locations, pricing and registration for events below are handled by each listed host group.

Kansas City, MO, 5/4/18. Presentation of "Hot Topics and Myths in Appraiser Liability" to the Kansas City Chapter of the Appraisal Institute (3 CE hours).

Appraiser Law Blog Sponsor

LIA provides liability insurance, bonds and personal insurance products to appraisers, appraisal firms and other lender service providers, such as AMCs. It serves more than 20,000 professionals and firms in all 50 states. LIA's general counsel is Peter Christensen.

Subscribe To

Important Notice:The purpose of this blog is for the sharing of news affecting the real estate valuation industry and the author's opinions, views and experiences about related legal, regulatory and insurance issues. The content is not legal or professional advice. You should check with your own legal counsel or advisers for information or advice relating to your particular situation. The posts on this site, are subject to change, are not admissions of any fact or law, and should not be used to construe any law or insurance coverage. Articles on the blog may be updated after the date of initial publication. If you believe that any factual content on the blog is incorrect, please let the author (me) Peter Christensen know. I want the information provided on the blog to be completely accurate.

Some of the articles posted may contain links to websites maintained by other parties. These links are provided as a convenience to you, and the inclusion of any link does not imply any association or relationship between the blog's authors or sponsors and the linked site. Nor does inclusion of any link imply endorsement, approval, or sponsorship of the linked site by the blog's authors or sponsors, or vice versa. Peter Christensen is licensed as an attorney solely in the State of California. This site is not intended to solicit the representation of any legal clients.

Copyright Use: Any re-posting, copying or distribution of content from this blog requires prior written consent from Peter Christensen (peter@liability.com); LIA and I welcome reasonable non-commercial uses when permission is asked.